AMP’s Alex Wade resigns, to leave immediately
AMP Australia chief executive, Alex Wade has resigned and is stepping down from his role immediately.
AMP confirmed his resignation stating that the company had accepted his resignation and that he would be leaving the business immediately.
It said that the CEO of New Zealand Wealth Management, Blair Vernon had been appointed acting CEO of AMP Australia while a process was conducted to find a permanent replacement for Wade.
Commenting on the change, AMP chief executive, Francesco De Ferrari said the company had a strong team and had been transforming the business.
“I’m pleased we are able to call on an experienced executive in Blair Vernon to lead this team and continue to drive our strategy forward.”
Recommended for you
AMP non-executive director Kathleen Bailey-Lord and Iress non-executive director Susan Forrester have been appointed to the national board of the Australian Institute of Company Directors.
Wealth manager JBWere has announced the launch of two fixed income strategies for wholesale clients, backed by UBS Asset Management.
Firetrail Investments has confirmed the departure of four executives over the last quarter, including head of investment strategy Anthony Doyle.
Ares Management has announced a new offering aimed at providing Australian wholesale clients, investors access to its private equity investment strategies, anchored in secondary investments.